Mission
THE FIT FOUNDATION PROVIDES SCHOLARSHIPS, FUNDRAISING ACTIVITIES, PROGRAM SUPPORT AND SUBSIDIES TO THE FASHION INSTITUTE OF TECHNOLOGY AND ITS COMPONENT UNITS.
Public Charity
FASHION INSTITUTE OF TECHNOLOGY FOUNDATION
FASHION INSTITUTE OF TECHNOLOGY FOUNDATION, of NEW YORK, NY, is a Public Charity tracked in Imperigo's IRS 990 database. The 2025 filing shows $9.4M in revenue, $6.2M in expenses, $85.7M in total assets. 97 publicly reported grants to this organization, totaling roughly $6.6M, appear in IRS filings.
EIN: 135675757
NEW YORK, NY
Latest filing: 2025
Total Revenue$9.4M
Total Expenses$6.2M
Total Assets$85.7M
Grant Records97
Funding Total$6.6M
Filing Years2021–2025
Where $100 goes at Fashion Institute of Technology Foundation
How Fashion Institute of Technology Foundation divides every $100 it spends, from its own Form 990 filings, averaged across 8 years.
$64
Programs
the work itself
$33
Management
running the organization
$3
Fundraising
raising the next dollar
Inside the $64 for programs
$40
Scholarships & awards:during fy 2025 the fit foundation granted scholarships and awards to 337 students of the fashion institute of technology
$24
Fundraising:the fit foundation provides fund-raising activities, programs support, and subsidies to the fashion institute of technology and its component units
Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Sample Grants Received
$27,000
GENERAL SUPPORT
$212,033
GENERAL SUPPORT
$212,033
PUBLIC, SOCIETAL BENEFIT
$211,100
EDUCATION
$120,000
Showing up to 5 of 97 total records — full history available with membership.
Officers & Directors
DIRECTOR
Abbey Doneger
DIRECTOR (END 01/25)
Adam Banfield
DIRECTOR
Alex Montefalco
DIRECTOR
Amber Valletta
DATABASE ADMINISTRATOR
Angela Prevosto
DIRECTOR OF DEVELOPMENT (END 04/25)
Arielle Dumornay
Officer compensation and complete director data available with membership.
Top Grant Purposes
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2025 | $9.4M | $6.2M | $85.7M |
| 2024 | $7.2M | $7.4M | $75.2M |
| 2023 | $5.3M | $5.6M | $69.0M |
| 2022 | $11.9M | $3.9M | $66.2M |
| 2021 | $4.9M | $3.7M | $66.3M |
Between 2021 and 2025, reported annual revenue grew from $4.9M to $9.4M (+92%), with total assets most recently reported at $85.7M.
Interactive year-over-year charts and full filing details available with membership.